Hello,
I'm currently tax resident in a country with a lot of taxes ( 35%) and a tax residency policy where you become tax resident if you spend more than 183 days / year, which i do.
I was talking with chatgpt to try to figure out if it was possible to become tax resident of another country without having to physically move.
He suggested the following:
Sorry for the terrible table formatting, i cannot seem to be able to format it correctly.
So basically my question is, is that true ?
Can i pursue any of those options in those country without leaving where i am currently and switch my tax residency ?
He says paraguay and panama especially have Zero tax and NO visits required
Thank you for your time!
I'm currently tax resident in a country with a lot of taxes ( 35%) and a tax residency policy where you become tax resident if you spend more than 183 days / year, which i do.
I was talking with chatgpt to try to figure out if it was possible to become tax resident of another country without having to physically move.
He suggested the following:
| Country | Tax on Foreign Income? | Can You Become a Tax Resident Remotely? | Key Benefits |
|---|
| Panama | No physical stay required, tax-friendly |
| UAE | No tax, easy setup, business-friendly |
| Paraguay | Low cost, no physical stay needed |
| Georgia | 1% tax up to $155K, no stay needed |
| Malta | EU access, tax-friendly structure |
Sorry for the terrible table formatting, i cannot seem to be able to format it correctly.
So basically my question is, is that true ?
Can i pursue any of those options in those country without leaving where i am currently and switch my tax residency ?
He says paraguay and panama especially have Zero tax and NO visits required
Thank you for your time!